Although the company is not a listed company with no obligation of appointing an outside director, the majority of all directors (4 out of 6) are outside directors so as to enhance transparency and independence of corporate governance and to implement practical and Board-led corporate responsibility management. The company introduced the corporate governance charter in 2021 to further strengthen the board-led management. While ensuring independence, professionalism, and diversity of corporate governance, the company appointed a senior outside director, enabling him to play his roles on an equal footing with the CEO.
Moreover, the company newly established the 'ESG Committee' to review strategies, investments, and core business activities, and the 'Human Resources Committee' to review nomination of outside directors for appointment, evaluation of CEO’s activities, and assessment and compensation of inside directors. In addition, the company will continue to innovate corporate governance and increase its value further by making 2021 the first year of upgrading the corporate governance, such as strengthening the Audit committee’s functions and transparently opening essential management-related information to the public.
BOD Articles of Incorporation Download
